California’s Hidden Expenses: Part IV

$3.5B YOY Growth In Unfunded Teacher Pensions California’s Teacher Pension Fund (CalSTRS) recently released its latest CAFR (Comprehensive Annual Financial Report) showing the state’s Unfunded Liability for Teacher Pensions grew to $76.2 billion from $72.7 billion the year before: Page 124…

More Alternative Facts From CalSTRS

Everyone knows about Sean Spicer’s overstatement of the size of President Trump’s inauguration crowd. Few know about the California State Teachers Retirement System’s understatement of the size of teacher pension liabilities. CalSTRS, the state-run pension fund that manages pension assets…